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A tale of two pension systems

A tale of two pension systems The article compares the major features of pension provision in the UK and in France. It considers why the UK population appears to be at best indifferent to their system of provision, when overall it is financially secure, whereas the French system, which is faced with increasing costs, receives wide support. The significant differences in provision, apart from the method of funding, are in the level of coverage and the extent of member involvement. The article concludes that, if the UK system took some steps in this direction, perhaps employees would begin to perceive pension provision as the valuable benefit it is, and more employers would be encouraged to introduce, or retain, defined benefit occupational pension schemes. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Employee Relations: An International Journal Emerald Publishing

A tale of two pension systems

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Publisher
Emerald Publishing
Copyright
Copyright © 2000 MCB UP Ltd. All rights reserved.
ISSN
0142-5455
DOI
10.1108/01425450010332569
Publisher site
See Article on Publisher Site

Abstract

The article compares the major features of pension provision in the UK and in France. It considers why the UK population appears to be at best indifferent to their system of provision, when overall it is financially secure, whereas the French system, which is faced with increasing costs, receives wide support. The significant differences in provision, apart from the method of funding, are in the level of coverage and the extent of member involvement. The article concludes that, if the UK system took some steps in this direction, perhaps employees would begin to perceive pension provision as the valuable benefit it is, and more employers would be encouraged to introduce, or retain, defined benefit occupational pension schemes.

Journal

Employee Relations: An International Journal – Emerald Publishing

Published: Jun 1, 2000

Keywords: Benefits; United Kingdom; France

References

  • Pension funds tax costs
    Booth, P.M; Cooper, D.R.